Bitcoin Is Now Officially In Its Longest Bear Market Ever - page 5.

jrrsparkles

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Quote from: indrakusumaindra on February 06, 2019, 10:34:39 AM

Quote from: Hivalley on February 02, 2019, 05:25:04 AM

And this period has been a difficult one for bitcoin investors and those who bought large amounts especially when we had high prices.
But for the hodlers,its no loss until the coins are sold,many have lost believe and faith in the system,but I believe patience would prove invaluable at the end

Yes it might be true and i do believe market will recover but it will takes time. Bitcoin has a fundamental technology that will make it valueable. We need to wait for more people to realize that bitcoin and blockchain is the future of our economy.

Now people are started to talk about next mining reward halving which will takes place next year so if is the thing which is going to bring bull run then it is so long wait for the holders but still patience needed for the crypto investors to make more profits.

Ewinsane

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I think we are not really looking at it in a right way to call this a bear market. I mean when will it be not bear market ?
The prices needs to go up in order for us to say its on a bull market right? Like if bitcoin goes to 12 thousand dollars in a month will we call it a bull market ? Yeah we will. What makes a bear market a bear market tough? The price going down right ? What happens if that 12 thousand dollars went as low as 3.5 again? We will call that bear market right ? Yeah we will.

However, we are in a market where price hasn't moved too much for the past 3-4 months now (since 15th of November) and before that price didn't move for 4-5 months too, how can we really call this a bear market when prices do not drop? What makes something a bear market when its the same price every single day?

cizatext

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Quote from: boss.afro on February 02, 2019, 05:14:07 AM

Bitcoin has officially entered the longest stretch of declining prices in its 10-year history.

The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the 411th consecutive day prices have been in decline.

As such, bitcoin’s latest stretch surpasses the duration of the infamous 2013-2015 bitcoin bear market, which spanned 410 days from its price high to low.

the full article can be found here https://www.coindesk.com/bitcoins-price-longest-ever-bear-market

What statistical basis do this analysis comes from because to me how can a commodity such as bitcoin that dose not have a fix price be rated mathematically to be on a decline, yes the price of bitcoin have been on a decline since after the all time rise in 2017 but that can not stop us from taking into account the various recovery that has take place since January 2018 till date.

indrakusumaindra

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Quote from: Hivalley on February 02, 2019, 05:25:04 AM

And this period has been a difficult one for bitcoin investors and those who bought large amounts especially when we had high prices.
But for the hodlers,its no loss until the coins are sold,many have lost believe and faith in the system,but I believe patience would prove invaluable at the end

Yes it might be true and i do believe market will recover but it will takes time. Bitcoin has a fundamental technology that will make it valueable. We need to wait for more people to realize that bitcoin and blockchain is the future of our economy.

mostcrack

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to be honest, the first time I knew about crypto was when the market was like this, when the market was not good. I haven't felt the sweetness in the crypto world. or am I too stupid? I do not know.
but on the other hand, I often heard about bitcoin last year, so it could reach a price of $ 19,764 in 2017. That gave me great hope when it stood now. maybe with the occurrence of pump in masalalu, bitcoin requires correction in the current year to then recover, even exceed it.

michellee

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Quote from: marcelocoin on February 06, 2019, 01:29:14 AM

market is more stable, bitcoin has dropped a lot since then, more than 80% at this time many can buy and hold for a future, not counting on the altcoins that are for free

Yes, but not many people can buy bitcoin now because they still have bitcoin from the last year and they still hold until now. But yes, I agree that this is a good time to buy more bitcoin because the price is down more than 80% as you said. We need to be careful to decide to buy bitcoin again because we don't know if the price can stable at a price now or will get down for more.

marcelocoin

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hi =D

market is more stable, bitcoin has dropped a lot since then, more than 80% at this time many can buy and hold for a future, not counting on the altcoins that are for free

Jesabela04

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That is something that we can't do anything about and it is something that we should just deal with. What we must do is just to hope for the best and the better possibilities that could happen along the way. Let's just think of the better things that might happen in the future. Good things are yet to come.

Ronaldcoin2017

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Quote from: cryptjh on February 05, 2019, 01:08:01 PM

We can choose to see this as a good accumulation phase, the cheap bitcoin we all wanted more of in late december 2017 and most of 2018 are now possible to get.
One day this down trend will be over, so get those bitcoins before the prices goes North again

Well i believe that the bitcoin will have a great future, this long down trend is a part of a big whales plan and if we are going to lost a control on our self we can possibly loss a huge amount of profit because we can surely do panic selling if we are going to look at the bitcoin price without a proper understanding. Bitcoin price is always unstable value there are also a great posibility of rising or maybe falling. But in my part as long as bitcoin has a value i believe that soon it will rise.

cryptjh

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We can choose to see this as a good accumulation phase, the cheap bitcoin we all wanted more of in late december 2017 and most of 2018 are now possible to get.
One day this down trend will be over, so get those bitcoins before the prices goes North again

Huskarls

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Quote from: Bosx1ne on February 04, 2019, 07:59:39 AM

So what if the bitcoin is now in its longest bear market? It had potential so it will recover in a matter of time. We should just have patience for us to continue to hold our bitcoins. There are now traders who losses their patience that leads to them to sell their bitcoins in wrong time.

For the recovery of bitcoin and other alts, actually no one who can confirm about this, even 1 month after ATH from crypto, we can see some predictions that the market will recover "soon" and till now its not proven. This is just a little illustration that crypto can also be so miserable. If we only hope for hype, i think it will be difficult to achieve again

Golftech

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Quote from: ecnalubma on February 05, 2019, 07:15:01 AM

I wish I could accumulate more but due short of funds I'm really tight on my budget now, wish I had more back-up funds and sold a lot during the bullrun which I regretted. But that's how investing in crypto market works you will win big and also lose big, If there's only an indicator to avoid this but none.

If only, but it's always surprise investors, the market movements can't be predict accurately, sway and fluctuations brings our investment at risk,
with this long bearish trend, investment wise it should be take as an investment opportunities, buying coins while the value still low, if you are
looking for long term you can keep on waiting while holding your invested assets.

Kevin77

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Honestly, the problem is that there were too many new people during the peak times which ran away when the price went down. We can't really fix that until we have ourselves new people again and this time we need to make sure they don't leave.
What we can do is to get more places accept bitcoin, more people adopt bitcoin, more shops taking bitcoin and so forth which will make bitcoin go more steady instead of built on hype.

Now, that big corporations get into bitcoin and also heavily invest into blockchain as well, we can see the small and steady increase in userbase for bitcoin which will make it go back up again but this time with proper reasons and now just "YOU CAN GET RICH IN A DAY" type of hype. If those people who got into bitcoin during late 2017 didn't ran away screaming on early 2018 we wouldn't be in this situation.

ecnalubma

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I wish I could accumulate more but due short of funds I'm really tight on my budget now, wish I had more back-up funds and sold a lot during the bullrun which I regretted. But that's how investing in crypto market works you will win big and also lose big, If there's only an indicator to avoid this but none.

pat4cryptoreal

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The duration of bitcoin bear market is beyond expectation of most speculators, the market want to create a new history. I feel opportune to be a witness of this historic event.

Kahoy01

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Quote from: hxtop on February 04, 2019, 02:32:04 PM

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.

The price corrections are still happening and it is the reason why the market is still not rising up. The bear market is now ended so there is a high possibility that the market will become bull any moment.

Kristoffer1980

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It seems unusual the trend of the market today that market price bear for months but if you are good or a believer of bitcoin that the price will bound back . This is also a big opportunities to invest more in bitcoin since the price is very low...

Helpme_please

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Quote from: bangkit tri on February 04, 2019, 11:22:40 PM

Quote from: Finestream on February 04, 2019, 06:45:48 PM

Quote from: hxtop on February 04, 2019, 02:32:04 PM

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.

Well we can't do anything about this but to patiently wait for another good price increase again.Although it's hard to tell when will it happen,but let's not lost hope totally.Let's just turn this down market into a profitable one by accumulating more potential coins at their lowest prices.It's still the best thing to do since trading at this moment might not be very rewarding at all.

I also feel that, currently, there is not much funds to buy and move the market. but now I can only spread good news and optimism so that we can be together, at least maintain the position of bitcoin

cryptocurrency now lack of investors,so there is only few money come and go from cryptocurrency market.and now market capitalization only around 133billions, it totally different with end of 2017 , where market capitalization could reach 800billions.and if we want to see this moment again we should spread positive news about bitcoin and altcoin so more people will interested.

bangkit tri

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Quote from: Finestream on February 04, 2019, 06:45:48 PM

Quote from: hxtop on February 04, 2019, 02:32:04 PM

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.

Well we can't do anything about this but to patiently wait for another good price increase again.Although it's hard to tell when will it happen,but let's not lost hope totally.Let's just turn this down market into a profitable one by accumulating more potential coins at their lowest prices.It's still the best thing to do since trading at this moment might not be very rewarding at all.

I also feel that, currently, there is not much funds to buy and move the market. but now I can only spread good news and optimism so that we can be together, at least maintain the position of bitcoin

Finestream

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Quote from: hxtop on February 04, 2019, 02:32:04 PM

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.

Well we can't do anything about this but to patiently wait for another good price increase again.Although it's hard to tell when will it happen,but let's not lost hope totally.Let's just turn this down market into a profitable one by accumulating more potential coins at their lowest prices.It's still the best thing to do since trading at this moment might not be very rewarding at all.

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